BRS Resources Accelerates Strategic Growth with High-Impact Sonora, Mexico Expansion

Executive Summary

• BRS Resources has signed a non-binding Letter of Intent to potentially acquire up to a 75% interest in four mining properties located in the strategic Mulatos epithermal belt in Sonora, Mexico.
• The proposed earn-in structure requires up to US$5,000,000 in exploration and development expenditures over a five-year period, followed by a discretionary US$5,000,000 payment at the end of the term.
• BRS will pay an initial US$100,000 to vendors for a NI 43-101 technical report, which must be commissioned and advanced within 60 days of the LOI signing.

Key Details

• LOI Date: June 20, 2026 (Non-binding)
• Target Properties: La Guadalupana F-I (Title No. 245227), La Guadalupana F-II (Title No. 245228), El Señor de los Guerreros F-I (Title No. 246158), El Señor de los Guerreros F-II (Title No. 246159)
• Location: Mulatos epithermal belt, Sonora, Mexico (adjacent to Alamos Gold's Mulatos mine and Agnico Eagle's La India mine)
• Acquisition Interest: Up to 75%
• Earn-in Commitment: Up to US$5,000,000 in exploration and development over a 5-year period
• Final Payment: US$5,000,000 payable at the end of the 5-year period (at BRS's sole discretion)
• Royalty Structure: 3% Net Smelter Return (NSR) granted to vendors, with an option for vendors to buy back 2% of the NSR for US$3,000,000
• Upfront Payment: US$100,000 to vendors for the preparation of a NI 43-101 technical report
• Technical Report Timeline: NI 43-101 report to be commissioned and advanced within 60 days of LOI signing
• Concession Area: Combined total of 947.7368 hectares
• Right of First Refusal: BRS granted a right of first refusal on any future sale of vendor interests in the properties

Notable Quotes

• Byron K. Coulthard, President and CEO: "By marrying our commitment to sustainable, responsible mining with these concessions, we are not just looking for ounces—we are looking to build a cornerstone asset that delivers long-term, compounding value for our shareholders and meaningful, sustainable economic opportunities for the Sonora community."